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Tax CreditUtahActiveVerified

Utah Economic Development Tax Increment Financing (EDTIF)

Governor's Office of Economic Opportunity (Utah OEO)UT-EDTIFRefreshed 1 month ago
Do I qualify?
Max funding

Varies

Amount varies

Type

Tax Credit

Reduces tax liability

Deadline

Rolling

No fixed cutoff

Timing

Annual tax return

Claim with year-end filing

Complexity

Moderate

File with tax return

About This Program

Utah's EDTIF program provides post-performance tax credits equal to up to 30% of new state taxes paid by a qualifying company over a negotiated period. Available to companies creating high-wage jobs in targeted industries.

Key Requirements & Eligibility

  • 1Minimum 10 new jobs paying 110% of county average wage
  • 2Must be in a qualifying industry (technology, finance, aerospace, advanced manufacturing)
  • 3Post-performance credit — taxes paid first, rebated after verification
  • 4Credit period: typically 5–20 years
  • 5Must apply before beginning expansion or relocation

Do I qualify?

Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.

0 of 5 answered

1.Minimum 10 new jobs paying 110% of county average wage

2.Must be in a qualifying industry (technology, finance, aerospace, advanced manufacturing)

3.Post-performance credit — taxes paid first, rebated after verification

4.Credit period: typically 5–20 years

5.Must apply before beginning expansion or relocation

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Official Source